Mediagazer: Patent-infringement lawsuit against Fark settled for zero dollars. Also, patent trolls suck hairy donkey balls (Drew/Fark.com)

2:00 PM ET, August 11, 2011

Top News:

Yinka Adegoke / Reuters:

Rupert Murdoch endorses Carey as next in line — (Reuters) - Rupert Murdoch said top lieutenant Chase Carey would replace him should anything happen to the 80-year-old News Corp CEO. — The comments were the clearest sign yet that Murdoch's son James may be sidelined after a phone hacking scandal swept …

Discussion: FishbowlNY, Company Town, Wall Street Journal, Los Angeles Times, Future of Journalism and Reuters

Robert Andrews / paidContent:

News Corp Says It Lost $254 Million On MySpace — News Corp lost $254 million on MySpace, the company said as it reported revenue that beat analysts' expectations. — The loss pushed News Corp.'s Q4 net income down 22 percent to $683 million. — News Corp said MySpace's losses during …

Discussion: PC Magazine, MediaPost, The Wrap and On Media's Blog

Peter Kafka / AllThingsD:
Rupert Murdoch Isn't Leaving News Corp., Selling His Newspapers or Making Any Other News

MarketWatch:
News Corporation Reports Fourth Quarter Income from Continuing Operations of $982 Million, $0.35 Per Share

Discussion: The Huffington Post, AllThingsD and @jbflint

Robin Wauters / TechCrunch:

AOL Authorizes $250 Million Stock Buyback Program After Share Price Falls Off A Cliff — AOL (which, in case you didn't know, has been the owner of TechCrunch for almost a year now) has announced that its board of directors has given the green light for a stock repurchase program that will allow …

Discussion: Business Wire, Forbes, Associated Press, MediaPost, VatorNews and Betabeat

Jeff Sonderman / Poynter:

Study: Links from other news sites matter more than social networks — A new study of Web referrals to online publishers shows links from other content sites are more important than those from social media. — Links from content sites (including other news publishers or aggregators) …

Discussion: MediaPost, GeekWire and The Outbrain Blog

Al Tompkins / Poynter:

Facebook delivers tiny Minnesota TV station a big roadkill story — On a typical day, KSAX-TV in Alexandria, Minnesota attracts about 10,000 page views. Recently, the station set a record, 250,000 page views in a single day and a million views in four days.

Discussion: The Huffington Post, KRWF and TVSpy

Forbes.com:

Forbes Update: Our New Article Page for the Era of Social Media Is Now Live — Subscribe to Forbes Get a Free Trial Issue … There's been a lot of teeth gnashing lately about the future of the article page on the Web. Some believe it too closely mimics newspaper and magazine formats.

Discussion: eMedia Vitals, Thanks:taylorbuley

Peter Kafka / AllThingsD:

Would-Be Hulu Buyers Will Have Their Checkbooks Ready Next Week — Quick update on the Hulu auction: Would-be buyers are expected to offer up their initial bids by the end of next week, according to people familiar with the company. — That will end the first step of a sales process …

Discussion: VentureBeat and The Business Insider

Ryan Lawler / GigaOM:

Disney to put its shows behind a pay wall online, too — Fox might not be the only broadcaster to begin restricting access to its shows online and requiring next-day viewers to be pay TV subscribers. Disney is also working out deals with distributors that would allow viewers to watch shows sooner if they log on with a cable ID.

Discussion: Electronista

Rachel Rodriguez / CNN:

From iReporter to CNNer (and beyond) — iReporter Jordan Sarver interned with the CNN iReport team in 2010. He now works at an Atlanta TV station. — (CNN) — When CNN iReport was created five years ago, it was intended to be a vehicle for people to share their stories with the world. And it is!

Discussion: TVNewser

Jim Romenesko / Poynter:

Brauchli: No plans for a Washington Post paywall — At the AAJA convention in Detroit, Post executive editor Marcus Brauchli said “we are quite content being the largest free premium newspaper online” and that a paywall won't be going up anytime soon. Knight Foundation's John Bracken told the audience that “print is the new vinyl.”

Discussion: @ronlin and aaja.org

Todd Spangler / Multichannel News:

Cablevision, Viacom Resolve iPad App Spat — Companies Reach Out-of-Court Settlement on Distribution of Programming to IP Devices — Cablevision Systems and Viacom announced Wednesday that they have settled their litigation over the cable operator's apps providing live TV and VOD to subscribers in their homes.

Discussion: TVWeek.com, Company Town, Softpedia News, Media & Entertainment, mediabistro.com and paidContent

Ben Popper / Betabeat:

Twitter Finally Taps The Massive TV Ad Market with Help From Trendrr — Can Twitter finally make it rain...revenue? — There are an average of 200 weather related tweets per minute in America, with that number spiking to 2 million on a day of severe weather.

Discussion: GigaOM, Lost Remote, Digits, mediabistro.com, WebProNews and AllTwitter

Roy Greenslade / Guardian:

Rebekah Brooks severs News International links - but university honour remains — For the record... Rebekah Brooks's formal resignations from four more Wapping-based companies have been registered by Companies House (see previous postings here and here and here and here).

Discussion: Adweek

The Huffington Post:

Mike Albo, Fired ‘New York Times Writer,’ Speaks About ‘The Junket’ … New York Times , Journalism Ethics , Junket , Mike Albo , Mike Albo Ethics , Mike Albo Junket , Mike Albo Junket Ethics , Mike Albo New York Times , Mike Albo Nytimes , New York Times Ethics , Nytimes , Nytimes Ethics , Media News

Lucia Moses / Adweek:

Condé Nast Teams Up With Fremantle of ‘Idol’ Fame — What is the rarified Condé Nast doing slumming with FremantleMedia, the company behind reality TV phenomenon American Idol? It's all about the bottom line: The luxury publisher has been keen to wring new revenue out of its brands …